Lekki Peninsula, east of Victoria Island, is a rapidly growing area on the coast.

Its sandy beaches, including Lekki/Eleko Beach and Oso Lekki Backwaters, and relics of Brazilian/Portuguese and other imposing architecture make it a tourism goldmine. Housing in Lekki is usually in blocks of adjoining flats. Most homes are furnished with running water and electricity.

A standard three-bedroom flat rents for N800,000-N2.5 million per annum. The area is poorly served by buses and taxis as most residents have their own car. Due to its proximity to the Epe Bridge and the Lagos/Sagamu/Benin expressway, Lekki is also the gateway to southeast Nigeria. The popular Ilasan market, otherwise known as Lekki market by expatriates, sells fruit, vegetables, art and artifacts from Nigeria and other parts of west Africa. However, prices are generally higher here than in other parts of the city.

The Anap Ranch at kilometre 42 on Epe Expressway sells imported Dutch stock meat (a brand of imported beef), excellent ground beef, bone/rib steaks and rump roast. Lekki also has a seaside pleasure garden and water sports.